Practice
Profession
Sunday News Roundup 24.04.07 Bare trusts, KPMG decision, PCAOB-PKF, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Profession
Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who
The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
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Profession
Sunday News Roundup 24.03.31 Bare trusts laid bare and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
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Practice
Airbnb sale subject to GST/HST
Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37
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Practice
CPA Ontario fines Deloitte Canada partners over backdating of audit working papers
Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
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Partner Posts
Driving growth and client success: The power of client advisory services in accounting
Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI
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Practice
How international athletes are taxed in Canada: Toronto Maple Leafs' captain John Tavares embroiled in tax litigation with CRA
Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch
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Practice
Case Commentary: Cassidy v Canada — Using extraordinary circumstances, CRA's delays, inability to pay, or financial hardship
Why the Federal Court, in Cassidy v Canada, ruled that a CRA officer's decision was unreasonable, and the taxpayer received relief over unpaid taxes
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Practice
What to do when the CRA refuses taxpayer relief
Tax accountant and lawyer David J Rotfleisch explains how a corporate director won relief from the CRA over payroll remittance in Maverick v HMK, 2023
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Practice
PCAOB finds fault with half of Ernst and Young Canada audits inspected
US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
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Practice
The General Anti-Avoidance Rule may be expanding: What you need to know
Aron Grusko and Nick Noonan of Fillmore Riley LLP say recent legislative changes and Supreme Court decisions reflect an increasingly expansive view of GAAR
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Practice
Case Commentary: Csak v The King 2024 TCC — Transfers of property while owing taxes to the CRA
David J Rotfleisch explains why the Tax Court of Canada found the Canada Revenue Agency's 1988 and 1989 reassessments statue-barred
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